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API crude inventories increased for four consecutive weeks, and U.S. oil closed slightly lower to test the 80 mark again
Time of Update: 2023-03-23
Oil prices closed lower today on factors such as the possible release of crude oil reserves in the United States and concerns about fuel switching, and analysts expected API crude inventories to increase, in line with the results, although the increase was smaller than expected, according to the US API data.
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Democrats are pressuring Biden to deal with high oil prices and not rule out the implementation of an oil export ban
Time of Update: 2023-03-23
President Joe Biden is under increasing pressure from Democrats to take measures, including a possible ban on oil exports and the release of crude oil from the nation's strategic reserves, to address rising gasoline prices.
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Fuel demand surge + unexpected drop in inventories, oil price expectations of $100 reappeared
Time of Update: 2023-03-23
On the one hand, the further easing of global economic restrictions and the surge in fuel demand, on the other hand, the unexpected decline in crude oil inventories has kept investors buying on the dips.
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Global oil prices fell due to inflation concerns
Time of Update: 2023-03-23
S. crude futures ended the session sharply lower as traders dumped risky assets, including stocks and commodities, driven by expectations that central banks would take steps to curb higher prices.
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EIA: U.S. Permian Basin oil production will hit a new high in December
Time of Update: 2023-03-23
S. Energy Information Administration (EIA), production in the Permian Basin is expected to reach record levels next month as the largest U.
S. Energy Information Administration (EIA), production in the Permian Basin is expected to reach record levels next month as the largest U.
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The EIA predicts that crude oil prices will start to fall
Time of Update: 2023-03-23
Low crude inventories globally and in the United States have put upward pressure on near-term contract prices, while longer-term contract prices may reflect more balanced market expectations.
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Upside risks are building up in global oil markets
Time of Update: 2023-03-23
The Irish Observer reported on October 9 that due to the tight global energy supply, following the rise in natural gas prices, oil prices have also begun to rise recently, with a cumulative increase of more than 4% this week, at a multi-year historical high.
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Three departments: increase the exploration of strategic mineral resources such as oil and natural gas
Time of Update: 2023-03-23
The plan makes it clear that by 2025, the resource and energy security guarantee capacity of resource-based areas will be greatly improved, the economic development potential will be fully utilized, a modern industrial system led by innovation, accelerated transformation and diversified support will be basically established, the public service system will be generally covered, a green and livable environment will be initially formed, and the people's livelihood and well-being will continue to improve.
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Global oil production up 1.45% in October
Time of Update: 2023-03-23
According to Anadolu News, November 16, according to the oil market report released by the International Energy Agency (IEA) on Tuesday, global oil production in October increased by 1.
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U.S. crude oil recovered its intraday decline, and industry institutions and Wall Street opened a long-short dispute
Time of Update: 2023-03-23
5 million b/dEarlier this week, the International Energy Agency (IEA) released a new monthly market report, expecting tight supply and demand conditions to ease.
5 million b/dEarlier this week, the International Energy Agency (IEA) released a new monthly market report, expecting tight supply and demand conditions to ease.
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A surge in U.S. oil exports will boost the tanker market
Time of Update: 2023-03-23
"The judgment made in the latest monthly oil market report of the International Energy Agency (IEA) is a long-awaited consolation for tanker owners who have been losing money over the past year.
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Supply expectations increase Crude oil prices fall
Time of Update: 2023-03-23
According to the OilNOW website on November 15, crude oil prices fell on Monday as the market expected an increase in supply, while rising energy costs and an increase in new crown cases also put pressure on demand.
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Oil bulls remain hopeful, waiting for a report to indicate the outlook for supply and demand
Time of Update: 2023-03-23
"Although the market continues to pay attention to the latest developments in OPEC+ production increases and the release of SPR in the United States, at the same time, the current high inflation level and the EIA monthly report to be released on Tuesday are expected to bring more variables to oil prices this week.
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The United States or release 60 million barrels of oil reserves? The decline in oil prices may continue
Time of Update: 2023-03-23
S. crude oil fell more than 3% from its high, on the one hand, EIA crude oil inventories continued to increase, on the other hand, the US government is trying to contain the inflation crisis, and the market is expected to release strategic reserve oil.
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The extent of the oil surplus may become a big mystery in the market next year
Time of Update: 2023-03-23
Based on EIA demand and production forecasts for non-OPEC countries, as well as OPEC+ member countries' production targets, global oil supply will exceed demand by 900,000 b/d in the first quarter of 2022, and oversupply is increasing throughout the year.
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Crude oil rebounded, with mixed reactions from China, Japan and South Korea to U.S. calls to release inventories
Time of Update: 2023-03-23
Prices fell to six-week lows in early trading on media reports that China planned to use strategic reserves to stabilize oil prices.
Prices fell to six-week lows in early trading on media reports that China planned to use strategic reserves to stabilize oil prices.
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Crude oil closed slightly higher on a boost boosted by tight inventories and strong demand expectations
Time of Update: 2023-03-23
”On Thursday (November 18), West Texas Intermediate (WTI) crude futures for December delivery on the New York Mercantile Exchange rose 65 cents, or 0.
”On Thursday (November 18), West Texas Intermediate (WTI) crude futures for December delivery on the New York Mercantile Exchange rose 65 cents, or 0.
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Biden's iron fist "kills oil prices": hurry up and check! Oil majors bid up oil prices, "for the rich"
Time of Update: 2023-03-23
President Joe Biden was dissatisfied with the high gasoline prices in the United States and sent a letter to the FTC on November 17, urging the agency to "immediately use all tools" to investigate the "potentially illegal behavior" of oil companies suspected of inflating gasoline prices.
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OPEC lowers demand forecast, Biden faces pressure to control oil prices, release 60 million barrels of crude oil reserves?
Time of Update: 2023-03-23
[Biden faces increasing pressure to control oil prices]Crude oil prices fluctuated sharply on Thursday as investors weighed the possibility of White House intervention in the market to calm energy prices.
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Crude oil closed mixed New York crude edged down 0.2%, its lowest close in nearly two weeks
Time of Update: 2023-03-23
But the International Energy Agency (IEA) said on Tuesday that it expected an increase in crude oil production to help ease the global supply crunch, putting some pressure on crude prices.
